Why are there always people pouring into the crypto world nonstop? Basically, it's because the dream of "getting rich overnight" has lured them in.

The stories of sudden wealth you can imagine are circulating in the crypto circle—some bought houses with Dogecoin, others saw their altcoin assets multiply dozens of times. These stories sound insanely impressive, making many believe that making money in crypto is as easy as picking up coins.

But the reality is much harsher. Those success stories? They are just rare cases of survivors. The truth is: 99.99% of people are ruthlessly harvested in this battlefield.

Looking at those tragedies makes it clear—LUNA coin skyrocketed from $0.1 to $100, then plummeted in the blink of an eye to $0.0001, with 2 million people losing everything; PEPE coin surged 3000%, but 90% of those chasing the high lost over 70%; and SQUID coin jumped from $1 to over $2800, then went to zero instantly. These are not isolated cases but the norm.

Why do most people fail to make money in crypto? The reason is quite clear: market volatility is crazy, with 30% drops happening within a day; information is completely asymmetric, and "good news" controlled by whales is just a trap for harvesting; policy shifts cause liquidity to evaporate instantly. Relying on luck to gamble for quick riches here usually results in losing everything.

However, ordinary people still have a chance. The key is to change your mindset—make money through cognition and strategy, not blindly betting on luck.

Those who truly survive long-term in crypto often focus on the long-term value track. For example, investors who early on invested in DeFi, Layer2, RWA, and other projects with real application scenarios—they control risks carefully, don’t use living expenses to trade, diversify their assets, and use cyclical thinking to build positions. They have patience, just like those who invested in ETH at its low point in 2020—after three years, their returns exceeded 400%.

Getting rich quickly is never the norm; survivor bias is the biggest scam in the crypto world.